Global Umbilical Cord Blood Banking Market Size By Storage Option (Private Umbilical Blood Banks, Public Umbilical Blood Banks), By Application (Leukemia, Bone Marrow Failure, Metabolic Diseases), By Geographic Scope And Forecast

Umbilical Cord Blood Banking Market Size And Forecast

Umbilical Cord Blood Banking Market size was valued at USD 19.5 Billion in 2021 and is projected to reach USD 33.87 Billion by 2030, growing at a CAGR of 6.66% from 2022 to 2030.

The initiatives and rules & regulations by the government have led to an increase in demand for Umbilical cord blood banks. Along with it the rise in chronic diseases is also a driving factor in the growth of UCB banks. The Global Umbilical Cord Blood Banking Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Umbilical Cord Blood Banking Market Definition

Umbilical Cord Blood Banking is defined as the process of obtaining blood from the umbilical cord of a newborn baby and storing it for future uses. The umbilical cord consists of high-growth adult stem cells which play a crucial role in the regulation of various biological activities inside the human body. It also helps in the development or regeneration of certain tissues, cartilage, and muscles. The Hematopoietic cells are responsible for the formation of other important blood cells. People suffering from bone marrow disorders, metabolic disorders, and low immunity face an acute shortage of hematopoietic cells.

Moreover, the increase in chronic diseases and awareness related to the adoption of stem cells for treatment is driving the growth of this market. Umbilical cord blood is used for the treatment of deadly diseases like leukemia, respiratory and circulatory diseases. The awareness programs and donation drives by governments globally have led to significant growth in the blood banking of this market. Stem transplantation and cord tissue storage are some of the major trends in this market. An increasing number of live births happening all over the world is also a major contributor to the growth of this market.

Global Umbilical Cord Blood Banking Market Overview

In the report, the market outlook section mainly encompasses the fundamental dynamics of the market, including drivers, restraints, opportunities, and challenges the industry faces. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.

The rise in chronic diseases has led to an increase in the growth rate of Factors such as rising demand for applications of cord plantation, increasing demand for regenerative medical mechanisms, and a growing number of UCB providers, driving the market growth. However, stringent medical regulations and a slow rate of adoption by the healthcare sector might hamper the overall growth of the market.

Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The “Global Umbilical Cord Blood Banking Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.

Global Umbilical Cord Blood Banking Market Segmentation Analysis

The Global Umbilical Cord Blood Banking Market is segmented on the basis of Storage Option, Application, And Geography.

Umbilical Cord Blood Banking Market, By Storage Option

• Private Umbilical Blood Banks
• Public Umbilical Blood Banks

Based on Storage Option, the market is segmented into Private Umbilical Blood Banks and Public Umbilical Blood Banks. The highest contributor to the UCB banks is Private Umbilical cord blood banks and expected to drive the Umbilical Cord Blood Banking Market in the forecast period.

Umbilical Cord Blood Banking Market, By Application

• Leukemia
• Bone Marrow Failure
• Metabolic diseases
• Lymphoma
• Immune Deficiencies

Based on Application, the market is segmented into Leukemia, Bone Marrow Failure, Metabolic diseases, Lymphoma, and Immune Deficiencies. UCB is widely used in treating diseases like Leukemia and Lymphoma, therefore these diseases are expected to be a major factor in driving the growth of the market.

Umbilical Cord Blood Banking Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

On the basis of Regional Analysis, the Global Umbilical Cord Blood Banking Market is classified into North America, Europe, Asia Pacific, and Rest of the world. North America and Europe regions are the largest contributors to the Umbilical Cord Blood Banking Market, whereas the Asia Pacific region is expected to witness significant growth in the forecast period.

Key Players

The “Global Umbilical Cord Blood Banking Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as ViaCord Inc., CBR Systems, Inc., Vita 34 AG, Cord Blood America, Inc., China Cord Blood Corporation, Cryo-Save AG, Cryo-Cell International, Inc., Cordlife Group Ltd., StemCyte Inc., and LifeCell.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In April 2022, Through the acquisition of Cellenkos, Global Cord Blood Corp joins the cell therapy business.
• In March 2022, StemCyte, a prominent regenerative cell treatment business, submitted an application to the US Food and Drug Administration (FDA) for a biologics licence (BLA) for their allogeneic umbilical cord hematopoietic progenitor cell product “HPC-Cord Blood.”
• In March 2022, Cryo-Cell, the industry leader in cord blood banking, launched the Extravault Biorepository Service.

Report Scope

Top Trending Reports

Research Methodology of Market Research

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

Customization of the Report

• In case of any please connect with our sales team, who will ensure that your requirements are met.